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NZD/USD charted a Doji candlestick.............>

KIWI
KIWI: NZD/USD charted a Doji candlestick yesterday, briefly showing at levels
last seen in mid-Nov. Marginally firmer risk appetite & upbeat overtones in RBNZ
Gov Orr's latest address supported the pair in Asia-Pac hours, but it eased off
thereafter amid solid economic data released out of the U.S. Late doors recovery
allowed the pair to finish the day unchanged.
- New Zealand's factory-gate inflation moderated in Q4, per the data released
this morning; NZD was unfazed.
- NZD//USD trades flattish at $0.6388. Bears look for a sharper slide through
the 76.4% retracement of the Oct 1 - Dec 31 rally/Nov 8 low at $0.6334/22.
Conversely, bulls would be pleased by a return onto the $0.6400 handle. It would
allow them to target the Feb 17 high of $0.6450.
- As a reminder, on Friday RBNZ Gov Orr will make a speech to the Canterbury
Employers' Chamber of Commerce.

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